The roundtable explored the apparent paradox that while some stakeholders want to see more data before trusting what a company says about its tax position, complex tax data can create misunderstanding, debates about what it means and questions about its accuracy — driving a greater mistrust. It was thought that data alone would not overcome the trust deficit and tax disclosures, and ESG disclosure in general should not be about a tick box disclosure mentality, but about engaging with stakeholders to explain a company’s role in and contribution to society.

This event was a discussion with asset managers and investment funds on what tax barriers exist to cross-border investment in renewables and decarbonization technology and what solutions could be envisaged.The full report from the roundtable is available here.

Seventeen stakeholders from a wide spectrum of backgrounds attended the virtual event, which focused on what potential measures governments might take in order to increase tax revenues – in particular through taxing wealth, gifts or inheritances.

The fourth summary report from the Responsible Tax summer roundtable series looking at the potential tax policy responses as a result of COVID-19 is available here.

What is the Responsible Tax response to the global COVID-19 crisis? Who pays for the extraordinary measures now being taken – when and how?

Jericho Chambers has been convening and curating the global Responsible Tax project in partnership with KPMG since 2015. The current crisis adds poignancy and urgency.

On Tuesday 7 July the first roundtable in a series on tax policy responses to COVID-19 crisis was held. Sponsored by KPMG International and Jericho Chambers, a more detailed explanation of the program can be found here. The first event, attended by representatives from corporates and both the IMF and OECD, discussed what measures European-based multinationals thought would be helpful to stimulate economies once countries and jurisdictions move out of lockdown periods and into the recovery phase.